170 Views

Virtru secures funds led by BVP

Virtru has secured a $6 million round of financing led by Bessemer Venture Partners, bringing the total raised to $10.3 million. The email encryption startup launched by former NSA cryptographers will use the capital to extend Virtru’s platform support and deliver new features for consumers and businesses.

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Procore raises $15 mln Series D from BVP

Procore Technologies has closed $15 million in a series D funding from Bessemer Venture Partners. As part of the funding, BVP partner, Brian Feinstein, will join Procore’s board of directors.

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Light raises Series A funds

Light has raised a $9.7 million Series A. The investment was co-led by Bessemer Venture Partners and CRV. Light is a team of creative technologists working on the art and science of photography.

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GTS sold to Deutsche Telekom

GTS has been sold to Deutsche Telekom for 546 million euros. GTS is an infrastructure-based telecommunications service provider in South East and Eastern Europe. It is currently owned by a consortium of international private equity firms including Bessemer Venture Partners, Columbia Capital, HarbourVest Partners, Innova Capital, MC Partners and Oak Investment Partners.

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Digital wallet Dashlane snags $22 mln Series B

Dashlane has closed $22 million Series B funding. Bessemer Venture Partners led the round with participation from Rho Ventures, FirstMark Capital and Dashlane’s original founder Bernard Liautaud. In addition to the funding, Alex Ferrara, a partner at BVP, has been added to Dashlane’s board. Based in New York City and Paris, Dashlane is a password manager and digital wallet.

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Pinterest racks up $200 mln at $5 bln valuation

Virtual scrapbook site Pinterest has raised $200 million in Series F financing at a valuation of $5 billion, a spokesperson from the company confirmed. Previous backers SV Angel, Bessemer Venture Partners, Fidelity, Andreessen Horowitz, FirstMark Capital and Valiant Capital Partners participated in the round.  Pinterest co-founder and CEO Ben Silbermann said in a statement: “Pinterest has a vision of solving discovery and helping everyone find things they’ll love. This new investment gives us additional resources to realize our vision.”

Proteon Therapeutics grabs $45 mln Series D

Proteon Therapeutics said Friday that it has raised $45 million in Series D financing. Abingworth led the round with participation from Deerfield Management Company, Pharmstandard International S.A., TVM Capital, Prism VentureWorks, Skyline Ventures, Intersouth Partners, MPM Capital, Devon Park Bioventures, Bessemer Venture Partners and the Vectis Healthcare and Life Sciences Fund. In addition to the funding, Tim Haines, a partner at Abingworth, and Dmitry Kobyzev, an investment manager at Inbio Ventures, have been added to Proteon Therapeutics’ board of directors. Headquartered in Waltham, Mass., Proteon Therapeutics is a biopharmaceutical firm focused on treating kidney and vascular diseases.

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ADT invests in VC-backed Life360 app

Security provider ADT has acquired a minority stake in Life360 for $25 million. Also, ADT is leading a $50 million Series C round for Life360, a location and communication app for families. Life360′s backers include Duchossois Capital Partners, DCM, Fontinalis Partners, Bessemer Venture Partners and Expansion Venture Capital.

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Bets pay off for venture funds in UC portfolio: VCJ

Last year saw several top performing funds in the University of California’s recent-vintage venture portfolio consolidate performance gains, as others continue to advanced, affiliate magazine Venture Capital Journal reported.

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Pinnacle Engines bags Series C funds

Pinnacle Engines has closed its Series C funding, bringing the total investment in the firm to more than $30 million. Investors included Mitsui Global Investment, VenturEast, Bessemer Venture Partners, New Enterprise Associates and Infield Capital. Also, the firm has named Phil Murtaugh, John Parker, BVR Subbu, Hong Liang Lu and Freeman Shen to its newly formed Asian business advisory board. Headquartered in Silicon Valley, Pinnacle Engines is a maker of “ultra-efficient” engine designs.

VC-backed Adaptive Insights hires new senior advisor

Adaptive Insights has tapped Ron Codd, former CFO of PeopleSoft, as a new investor and senior advisor. Headquartered in Palo Alto, Calif., Adaptive Insights is a provider of cloud-based business and financial analytics solutions for companies and nonprofits of all sizes. Adaptive Insights is backed by Bessemer Venture Partners, Norwest Venture Partners, Royal Bank of Canada, ONSET Ventures, Monitor Ventures and Cardinal Venture Capital.

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Blue Apron racks up $50 mln

Blue Apron said Wednesday that it has closed $50 million in funding. Stripes Group led the round with participation from previous investors that included Bessemer Venture Partners and First Round Capital. According to the firm, the capital infusion will be used for growth. Based in New York, Blue Apron is a delivery service of fresh ingredients for home-cooked meals.

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Clio nets $20 mln Series C funds

Clio has closed $20 million in Series C financing. Bessemer Venture Partners led the round with participation from Acton Capital Partners, Point Nine Capital and Version One Ventures. According to the company, the capital will be used for product development and international expansion. Based in Vancouver, British Columbia, Clio is a cloud-based practice management platform for the legal sector.

Box adds Cisco chief technology and strategy officer to board of directors

Box has added Padmasree Warrior, chief technology and strategy officer for Cisco, to its board of directors. Headquartered in Los Altos, CA, Box is backed by Andreessen Horowitz, Bessemer Venture Partners, Draper Fisher Jurvetson, Emergence Capital Partners, General Atlantic, Meritech Capital Partners, NEA, Scale Venture Partners and U.S. Venture Partners as well as by strategic investors salesforce.com, SAP Ventures and Intel Ventures.

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